KADENSA CAPITAL Ltd Buys New Stake in ZTO Express (Cayman) Inc. $ZTO

Key Points

• KADENSA CAPITAL Ltd acquired 49,044 shares of ZTO Express (Cayman) Inc., valued at approximately $973,000, during the first quarter of the year.
• Analysts have mixed ratings for ZTO Express, with a consensus target price of $22.36, while some firms have downgraded their ratings.
• The company will distribute a semi-annual dividend of $0.29 to stockholders of record on September 30th, yielding a notable 330.0%.

KADENSA CAPITAL Ltd bought a new stake in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 49,044 shares of the transportation company's stock, valued at approximately $973,000.

Several other institutional investors have also recently added to or reduced their stakes in ZTO. Deutsche Bank AG boosted its holdings in ZTO Express (Cayman) by 100.9% in the first quarter. Deutsche Bank AG now owns 20,423 shares of the transportation company's stock valued at $405,000 after purchasing an additional 2,398,757 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in ZTO Express (Cayman) in the first quarter valued at about $13,950,000. XY Capital Ltd boosted its holdings in ZTO Express (Cayman) by 162.4% in the first quarter. XY Capital Ltd now owns 1,041,263 shares of the transportation company's stock valued at $20,659,000 after purchasing an additional 644,390 shares during the last quarter. Voloridge Investment Management LLC purchased a new position in ZTO Express (Cayman) in the fourth quarter valued at about $10,802,000. Finally, Hhlr Advisors LTD. boosted its holdings in ZTO Express (Cayman) by 54.0% in the first quarter. Hhlr Advisors LTD. now owns 671,387 shares of the transportation company's stock valued at $13,320,000 after purchasing an additional 235,460 shares during the last quarter. 41.65% of the stock is currently owned by institutional investors and hedge funds.

ZTO Express (Cayman) Stock Performance

Shares of ZTO Express (Cayman) stock traded up $0.22 on Wednesday, reaching $19.32. 579,528 shares of the company were exchanged, compared to its average volume of 2,489,452. The company's 50-day moving average is $19.15 and its two-hundred day moving average is $18.80. The firm has a market cap of $11.56 billion, a price-to-earnings ratio of 13.05, a P/E/G ratio of 7.67 and a beta of -0.15. ZTO Express has a 1-year low of $16.34 and a 1-year high of $27.50.

ZTO Express (Cayman) Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.29 per share. This represents a dividend yield of 330.0%. The ex-dividend date is Tuesday, September 30th. ZTO Express (Cayman)'s dividend payout ratio is presently 45.95%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ZTO shares. Bank of America upped their price objective on ZTO Express (Cayman) from $19.00 to $22.00 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. JPMorgan Chase & Co. upgraded ZTO Express (Cayman) from a "neutral" rating to an "overweight" rating and cut their price objective for the company from $23.00 to $21.00 in a research note on Thursday, May 29th. Wall Street Zen cut ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Morgan Stanley set a $24.20 price objective on ZTO Express (Cayman) in a research note on Wednesday, July 2nd. Finally, Citigroup cut their price objective on ZTO Express (Cayman) from $26.40 to $22.60 and set a "buy" rating on the stock in a research note on Thursday, May 22nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, ZTO Express (Cayman) presently has an average rating of "Buy" and an average price target of $22.36.

ZTO Express (Cayman) Profile

ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People's Republic of China. It offers freight forwarding services; and delivery services for e-commerce and traditional merchants, and other express service users. The company was founded in 2002 and is headquartered in Shanghai, the People's Republic of China.